Journal of Business Ethics

, Volume 118, Issue 1, pp 155–169 | Cite as

The Effects of CEO Trustworthiness on Directors’ Monitoring and Resource Provision

  • Esther B. Del BrioEmail author
  • Toru Yoshikawa
  • Catherine E. Connelly
  • Wee Liang Tan


Because of the importance of board members’ resource provision and monitoring, a substantial body of research has been devoted to ascertaining how directors can be incented to perform their responsibilities. We use social exchange theory to empirically examine how board members’ resource provision and monitoring are affected by their perceptions of the CEOs’ trustworthiness. Our findings suggest that board members’ perceptions of the CEO’s ability, benevolence, and integrity have different effects on the board members’ resource provision and monitoring. Our results further suggest that board members’ governance behaviors are moderated by the board’s performance evaluation practices.


Directors of the board Trustworthiness Monitoring Resource provision Board evaluation 



We acknowledge the Spanish Institute of Directors (Instituto de Consejeros y Administradores de España), Conference Board of Canada, The Singapore Association of the Institute of Chartered Secretaries and Administrators for their support to our survey, and Elida Maia-Ramires & Javier Perote for helpful comments. Esther B. Del Brio and Toru Yoshikawa are also grateful to the Research Agency of the Spanish Government (Grant ECO2010-20741) and Junta de Castilla y Leon (Project SA382A11) for funding.


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Copyright information

© Springer Science+Business Media Dordrecht 2012

Authors and Affiliations

  • Esther B. Del Brio
    • 1
    Email author
  • Toru Yoshikawa
    • 2
  • Catherine E. Connelly
    • 3
  • Wee Liang Tan
    • 2
  1. 1.Departamento de Administracion y Economia de la Empresa Universidad de SalamancaSalamancaSpain
  2. 2.Lee Kong Chian School of BusinessSingapore Management UniversitySingaporeSingapore
  3. 3.DeGroote School of BusinessMcMaster UniversityHamiltonCanada

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